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The Federal Board of Revenue (FBR) is likely to grant 15 days extension in filing of income tax returns for Tax Year 2014. It is learnt on Wednesday that FBR is considering the proposal to extend date for filing of return in view of problems in E-FBR Portal and upcoming holidays on account of Muharram-ul-Haram. The FBR has received a number of requests for extension in filing of tax returns for tax year 2014.

Frontier Corps claimed to have foiled a major terrorism bid by seizing 4000 kilogrammes of explosives, suicide jackets, rockets and other weapons from Qilla Abdullah district of Balochistan. Brigadier Tahir Mehmood, Deputy Inspector General FC, while addressing a press conference on Thursday said that raids were conducted in the Gulistan area of district Qilla Abdullah, which borders with neighbouring Afghanistan and huge quantity of arms and ammunitions were recovered.
Khyber Pakhtunkhwa Assembly on Thursday witnessed worst commotion when the legislators from both treasury and opposition benches not only exchanged harsh words but also abused each other. The proceedings of the early sessions of the day, including question-hour and all resolutions, were passed unanimously in a pleasant environment.
Prime Minister Nawaz Sharif on Tuesday endorsed the PCB's nomination of Najam Sethi for the ICC President's position. Pakistan Cricket Board (PCB) Chairman, Shaharyar M. Khan, and Board of Governors (BoG), have unanimously recommended Najam Sethi as Pakistan's nominee for President of International Cricket Council (ICC) for the 2015-16 term commencing on July 1, 2015.
An anti-terrorism court here on Thursday awarded Shahid Aziz alias Gullu Butt rigorous imprisonment of eleven years and three months. Butt was accused of smashing private vehicles with a club outside Minhajul Quran Secretariat in Model Town when city police were engaged with the supporters of Dr Tahirul Qadri. Wielding a long club, Butt appeared on the scene and started damaging cars.
Police arrested and charged a Pakistani gun collector living in Ontario this week, alleging he is a terrorist threat to Canada, the Globe and Mail newspaper reported on Thursday, quoting his attorney. Muhammad Aqeeq Ansari, a 30-year-old software designer, was arrested on Monday, according to his attorney, Anser Farooq, the Globe reported. The arrest came days after two attacks in Ontario and Quebec that left two Canadian soldiers dead.
US economic growth was robust in the third quarter, according to the first government estimate Thursday, appearing to underscore the Federal Reserve's decision to end its asset-buying stimulus program. The world's largest economy expanded at an annual rate of 3.5 percent in the July-September period as defence spending surged and exports climbed, narrowing the trade gap, the Commerce Department said.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln